Discover Mynd's Human Resource Outsourcing Services..

Mynd's HRO Services Horizon

The most promising challenge in front of any organization today is to reduce its human resource costs and optimize utilization of its existing resources, in order to maximize outputs and profits. This makes bespoke HR service delivery as the most important success factor for any organization. 

It takes significant amount of time and resources to execute human resource operations in-house. This may hamper concentration on other core business activities that are more important, be it bringing business into the organization, delivering products, goods or services or driving effective customer/client communication.

If you are considering opting for Human Resource Outsourcing to decrease your costs and enhance your efficiency, trust Mynd Solutions. As your company evolves and changes with times, maintaining an effective human resources department that scales in relation to the size of your employee base can become a challenge. Outsource some or all of your Human Resource operation’srequirements to Mynd and spend more time and resources focusing on other important business processes.

Our qualified & experienced professionals, each of whom are dedicated to providing personal, responsive service to both the employer and employees help clients improve efficiencies and save HR costs.

In fact, by leveraging Mynd Solutions expertise and relying on our range of HR outsourcing solutions, many clients discover that they can save 30 percent or more over the cost of maintaining a full staff of people in an in-house human resources department!

Mynd's Customized service delivery for Small to Mid-Sized Business Owners...

As an SME business owner, we understand that you have a strong penchant for growth and a rock solid perseverance to stay ahead in the game. As your company grows, do you find yourself spending too much time inyour non-core business and not enough time on your core business? That is why you need business partners who can anticipate your requirements, rather than just try keeping pace with your thinking.

Our Small to Mid-size Business Solutions can assist you with tasks such as bookkeeping, small business accounting, Controller etc., as well as accounting systems automation and integration. We help you free up your time to focus on running your company by offering a full range of business solutions. We have created a solution for small to mid-sized businesses that can be tailored to your specifications. Our customized small to mid-sized business solutions can also include functions such as data entry and offering specialized manpower.

Our custom solutions help SMEs to overcome their unique set of challenges as compared to the larger players including:

• How do we get relevant, practical, and implementable advice?
• How can I make the most of the limited resources we have?
  
  
  
  
• Can someone help me to plan big but implement small?

We at Mynd would like to change that scenario by making easily implementable advice available to SMEs in a cost effective manner on an ongoing basis. We bring with us experience gained during our careers with large consulting firms and will leverage the same to benefit your business. This will include support in various business domains with the aim to enable you to be more competitive in the market place. We have a tailor made version for SMEs which can scale once you grow into larger organizations.

Specialized services on offer by Mynd to SMB owners:

HR Outsourcing

Specialized Manpower

Accounting services on varied platforms

Taxation

Effective Vendor Management by Mynd Solutions

Mynd understands that while making payments efficiently, cost-effectively and accurately are pivotal to every well-managed account payables function in the organization; simultaneously Supplier and Vendor’s satisfaction is measured by the ease of process offered in handling invoices and turnaround time for payment. Keeping the above concept in mind, our accounts payable service offering aims at striking a balance between process optimization and supplier satisfaction.

Organizations that have been in business operations for some duration of time are often completely occupied with several service providers and vendors facilitating their functions. Of the many vendors that service Global companies, some might be strategic however the majority are largely utilizing for executing routing tasks only. 

Irrespective of the number of vendors being on a lower side or even in larger organizations having multiple vendors numbering in the hundreds; the entire process of managing vendors is essentially a laborious and costly affair. The time-consuming process of managing multiple vendors leads to wastage of manpower resources, which might have been allocated to more strategically useful processes. 

A huge amount of leadership time and energy is wasted in the quest to manage multiple providers, thus deviating the attention from core focus areas including- management of overall infrastructure and operations of the organization. It is a well-known fact that as the vendors associated with a firm increase, in the same order the challenges associated with managing them grow. 

Mis-management often leads to Loss in Value Chain. Ill-managed vendor  relationships  create  increased expenses along with inadequacies in operations. The primary reasons for loss in value chain due to mis-managed vendors include:

• The vendor’s service delivery is effected over some time and is not as per customer’s needs
• No competition between vendors
• There is a lack of partnership for innovation across the different provider types and relationships

COMPLIANCE NEWS: ESIC Introduces Internet Banking Facility for Employers

We are happy to inform that ESIC has recently introduced Internet Banking (INB) facility for employers. The employers will be able to remit contribution either through net banking or over the counter of SBI branches. 

Now employers can deposit ESI contribution online through 58 banks other than State Bank of India. Earlier, firms were allowed to deposit ESI contributions online through SBI only.

Note:  From 1st May, 2015 onwards, only electronic payment will be accepted in ESIC through online net banking of SBI and 58 major banks.


 You can also visit www.esic.nic.in for more details.

COMPLIANCE NEWS: CHANGES IN DELHI-MINIMUM WAGES....

Please note that there have been changes in the Minimum Wages in Delhi as directed by the LABOUR DEPARTMENT

Please find attached the revised minimum wages notification of Delhi. Minimum Wages has been revised from April 1, 2015.

Changes in KARNATAKA Shops and Commercial Establishment Compliances

                               INDIA STATUTORY COMPLIANCE NEWS

Karnataka Minimum Wages and revised VDA details for Shops and Commercial Establishment effective from 1st April 2015 to 31st March 2016.

Improving Profitability with Mynd's Finance & Accounting Services..

Improve your bottom line with Mynd’s finance and accounting outsourcing solutions, built to achieve high-performance business results

Ongoing pressures to optimize business performance have prompted many finance executives to look for new approaches, including outsourcing finance & accounting functions of the organization. Financial organizations worldwide are facing the impact of higher volatility, uncertain business as well as regulatory and socio-political environments putting pressure on them to make their bottom-line more predictable and sustainable. Chief Financial Officers (CFO) of leading organizations are leveraging finance and accounting outsourcing as a strategy to change their operating models.

Mynd integrates domain expertise, global delivery network and technology solutions to assist clients in identifying, transitioning, transforming, executing and continuously adding value to finance and accounts outsourcing processes through a low-cost BusinessProcess Outsourcing (BPO) services model; without compromising on quality and compliance. We believe in delivering the right information at the right time! We provide our clients managed Finance and Accounting Outsourcing Services at the lowest possible costs so that they can focus on their core business activities while saving a significant amount of overhead costs as well. We are offering Accounting Outsourcing Services globally and provide tailor-made solutions to our clients.

Mynd Solutions provides best solutions for outsourcing your Finance& Accounts outsourcing requirements. The services offered aims to meet client's business objectives as well as cost-optimization goals. We deal with global clients and provide customized solutions for many industries namely Telecom, Retail and e-Commerce, BFSI, Infrastructure, Healthcare etc. Reduction in operational costs has helped our clients' boost their business. We provide great control over finances, which in turn enhance profits of the company.